Congress Finalizes New COVID-19 Stimulus Deal

Congress Finalizes New COVID-19 Stimulus Deal

(TargetLiberty.org) – After eight months of delay and stonewalling, Congress has finally agreed to a second coronavirus relief package. American businesses and workers haven’t had any support since April, mainly because left-wing Democrats insisted on linking it to a list of their spending ambitions.

On December 21, Senate Majority Leader Mitch McConnell (R-KY) announced a deal had been reached at last. So far, the details of the package aren’t totally clear, but there should be $600 stimulus payments to all Americans, plus a renewal of increased unemployment benefits that were due to lapse next week. President Trump has been pushing for larger stimulus checks, but the final deal is a compromise between what Republicans wanted and the Dem wish list.

House Speaker Nancy Pelosi (D-CA) has been pushing for a much larger package, costing up to $3 trillion, that would have included bailouts for Democrat-run cities that were in financial trouble even before the pandemic. She also can’t seem to make up her mind on stimulus checks – after criticizing April checks for being too small, she now says these $600 payments are “significant.”

Meanwhile, Republicans wanted spending that would protect jobs by supporting businesses, especially in the hospitality industry and other sectors that have been crushed by draconian lockdown policies. On Monday, it looks like that support will become a reality.

Copyright 2020, TargetLiberty.org